Initial Strength is Met with Selling
Buyers came in following Exxon’s earnings report. But, sellers came in following the up opening in equities.
In the quote window, each of the symbols details the last price and change for the day. The two studies, the relative strength index (RSI) and the moving average convergence/divergence (MACD) and its 9-period average (MACDA or Signal Line) are based 15-minute bars.
The morning RSI readings for the top row, which are equity derivative products, are flat for the E-mini S&P (EPZ6) and the Dow (DJI), but are negative for the NASDAQ 100 (ENQZ6) and DJ Euro STOXX 50 (DSXZ6). Weak technology is a negative.
The Q.NYSEVolRatio and the Q.NASDAQVolRatio are flat, and are indicating a two-way market.
Next, in the second row is ETZ6, ICE WTI Light Sweet Crude Oil for December, which is flat at the start and is in a short-term down trend.
The RSI for Gold (GCZ6) is indicating some buying.
Yields in the Treasury market are falling.
The EUR/USD pair is trading up.